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Real Estate News Alert.

Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, November 25, 2008

Aldar Invites Bidders for Five Star Hotel Construction

Aldar to create new Abu Dhabi construction jobs
news.careerstructure.com - London, UK
Property development company Aldar Properties has invited firms to bid for a major new contract in Abu Dhabi which will see the construction of a new five-star hotel. ...

Abu Dhabi's International Petroleum Investment Company Purchased 17.6 Percent Stake in Oil Search Ltd.

Abu Dhabi takes A$1.68 bln stake in Oil Search
Reuters - USA
Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd (OSH.AX), the company said on Tuesday.
IPIC and the Papua New Guinea government, through its nominee, Independent Public Business Corporation (IPBC) have signed the agreement with Oil Search Ltd, an IPIC statement said. ...

Dubai Investments Real Estate Company Launches New Project

Dubai Investments Real Estate Company in association with Gowealthy.com launches new project at Ritaj community
Zawya - United Arab Emirates
Dubai, 25th November 2008: Dubai Investments Real Estate Company (DIRC), the largest investment company listed in the UAE Stock Exchange, in alliance with Gowealthy.com, the region's global property and real estate lifestyle brand, have announced the sales marketing of the latest phase in the Ritaj community development. ...

New Pinching Real Estate Job Cuts in UAE

More jobs go in UAE real estate
Zawya - United Arab Emirates
Dubai-based property developer Tameer is to lay off half of its workforce in the latest round of job cuts to hit the UAE's battered real estate sector, a source close to the company told 7DAYS last night. ...

Bay La Sun Village Last Marina Tower Launched for Sale

Saudi Arabia: Emaar, The Economic City (Emaar.EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has launched the sale of residences in the fourth and last Marina Tower within the Bay La Sun Village, ...

Emerald View Properties Launches New Office in New York City.

Emerald View Properties Brings Dubai to Manhattan
MarketWatch - USA
Emerald View Properties, a real estate marketing, sales, and consulting firm linking U.S. investors to residential and commercial properties in the UAE, announces the launch of their new office in New York City. ...

Aabar to Develop up to Four Residential Towers in Al-Raha

Aabar to build towers in Al Raha
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: Abu Dhabi-based Aabar Investments PJSC (Aabar) on Monday said it had signed a purchase agreement with Tasameem Real Estate Co LLC to acquire two residential land plots in the Al Raha development area for an aggregate price of Dh500,876,100. ...

Mergers and Consolidation in Gulf Property and Finance Sector

Emaar-Nakheel merger could be Dubai's next move to strengthen real estate sector
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. As a flurry of deals emerged today in Dubai's real estate finance sector, Emaar Chairman Mohammed Ali Alabbar said he would "welcome" a merger with Nakheel, combining the number one and number two developers into one of the world's largest property companies....
 
 
More mergers and consolidation in Gulf property and finance sector expected
Property Wire - St. Albans, England, UK
Small developers in the Gulf will have to consolidate and merge in order to get through the current property market downturn, a conference was told today. ...